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<br /> , ,� FS. U on Lend�r s uest.Bor�ver shall assign Ea I.eadsr aU leases of the �
<br /> G.ASSIG1oIMEl�i OF LEAS p �9
<br /> F�' Property�artd�ii s�curiry depc�sits made in conn�tion�vith leases of the Pr9peny. Uprsn the assignwent.Lender -
<br /> .� ,r�,'. ehall dave the d�t ta mo�ify.extend or temiinate the existing ie�ses zsEd to execuu.ne:r ieases.in Latd�r's�e v
<br /> tiisctetio�.As ased in this paragraph Q. ttte word"tease"shall mean"subiease" if the Sec�rity Insmsment is on __
<br />' ,: - <�•. ' a[easehold. .
<br /> -r:`• 6�II. AS�IGN�1�I'i' OFr REPITS. A�FflINP1�tIElv'�' 6� IiEEC��lEt3; Y.EN'IDER IPI P�►SS�SIOPi.
<br /> ' Boz�iar�=er ebsofutety asic!uncos�itiumlly assig�s.sn�uxes£a.ts to�.ender all the rents and revenues C'Rents")af �`:
<br /> .':,.„�'� ttte Praperty. reSardless of to whom tli� Ftents of t[�e F:vpnrty are paya�le. Eorrower authorizes Lendes or _
<br /> � � t„ender's agents to collect the Rents.and a�rees that�ch tenant of the Pmgerty sha11 pay the Rents to Lender or.
<br /> ' Lendes's agenu.However.Bomower shall receive tite Rents untii(iD 1.eader has 1�iven Borrower nati.�of 3efault __
<br /> '�,:��`�;:: purfiu�t to paragtaph 21 of the 8ecariry Instrumem s�(ii)i.end�r E�as given notice tv th�tenant(s)that the iteau ; .
<br /> �"�°��` are�be d to Lender or L�der's agerd.This assignment of 12enu oonstitutes an absolute assi�ment and nat ___
<br /> .>�i=;°; Paz �.
<br /> � an assignment for a+dditional securiry only. t:�
<br /> ' If Lender gives narice of br�ch to Borrower.(i)all Rents receivea by Borrower shall be hetd by Sotrower __
<br /> as uustee for�h�bcnet"t of Lender only,to be applied ro the sums secured by the Secur7ty Instrumsnt:(ii)l.ender � -
<br /> � sha11 be entided to coltect ac�receive all of the Rents of the Property:(iIi)�orrawer agrees th2t�tenant af the �..
<br /> `•• Property shaU pay sill Rents due and u�ai@ to Lender or I�endez's ag:nis upan Lender's writte3��c�m tlre
<br /> _r�,5�
<br /> -�.�; tenactt: (iv)untess agplisabls taw provides otherwise.all Rc�ts collectnd by l.ender oT Lend�r's��..�s�all t�_ . .
<br /> �:; app}ie3,first to.�he cosu of taking contml af ttt.�����rope►'�Jr��ltecdng the Rents.+ta:L�cing, but' ' __
<br /> -'��L� ' nnt limited to. attomeys' f�es. reseiver's fer� presniums on receiver's�onds. repair a»d m�i�.'�ce costs. -
<br /> -,_,;��- . : insurtu�ce preminms.taxes,assessnaents and other charges an the Pro�:an�th-.n to the sums say�ed by ihe _-
<br />-���`�x Sect�'�.'y[nstrument;(v)Lender,Ler,der's agents or any judicially appni�5�?s teceiv,Er e�1 be liab!e to acoount for _;�i
<br /> �
<br /> ;r�?��! onty ihose Rents acivaUy receiv�d; aad (vi) i.ender shall be entiiteii m have a receiver appointed to ta.ke
<br /> '�'�'''�� � posse3slon of and manage che Property and coltect the Rems and pra��erived from t3�e Property withoui any �_
<br /> • • . ;r-_=:_
<br /> , showi�g as tn the iitadequacy of ihe Property as se�u r l t y. ;.-
<br /> `,;:,•,�" , if th2 Rents of the Property ar� not anffcieat to cover the casts of taking wntrol of and managing the . ';__
<br /> pcm,��y a�d of collecting the Renis arty funds�xpended by Lender for sucb pur�oses shal{became indebted�ess —
<br /> � � of�wer 4o Lmder setured by the Security Insnumsat pursuant to Uniform Covenant 7.
<br /> :.�1�3nirower represents and warrants that Bozrower has not executad any prior assigrtment of th�Rents ans!has �
<br /> not and will not perform any act ihat would�ent Len�ter fivm exercising its rights under t6is patt��Dh: ' .n,
<br /> . " � ,Lender. or�.eadar's agenu or a jud�^,�ti:�IY appointed receiver, shab! not be required ta eu.M.�iu4�?on, talce �`:�».�
<br /> % �''� � oor:�'�:of or maintain ths Ptag:sty b�fore or aRer giving notice of default t�o Borro�ver. Hoa�:.�rk.�If.��ndeY. or _
<br />'''%`'F:;` Le:%�'�c,,s.�gents or a jndicial[u:,,.�ointed receiver.may do so at any time wh2n a def��nS�:occurs.�An�Z appfl�tion
<br /> �r:;:;��;�, :
<br /> �`if:sv`% of Reais sir�i!nat,c�tc ar wai�e.�y default or invalidate any uther right or rem�y c�Q:�a�er.This ass�gnment of �
<br /> . � Rents of t►�e Pra��rrP,y.shall termiaate wft,�►all the sums seeurett by the Security Instruat:,�t ara paid in fuU.. ',rlj;;'r
<br /> . I.CRO��iFA4JY.T PAOYISIO:V.Borrower s default or breach un3er any note or agee�nesaII ia wlich .
<br /> ;�' I,znder i�as an i�;erest shall be a breacb undec ti�e Security Instcument and Lendes may invoke any�f�3.remedies
<br /> . , r�. garmiued by the Securiry Tnstmment. ' " . � `• ,
<br /> - �Y SIG�TWG' BELOW. Borrower accepts and agrees to the terms and pavv���-'rai�� containedr,in this 1-�•�;';
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<br /> . :r;t�:';`r`. ' y W1VID W SCFlOCi�E . ' -Borrou•er , . -Borcower .
<br /> ,. . ��s,.,���.la�l� (Sea1) ' (�ap .'''" ':
<br /> - �� � �� -Borrotivice • •Bonower -
<br /> . . . . iotm 31T0 3193
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